EURCAD London briefing — 2026-08-06

BIAS BULLISH. Daily structure bullish; H4 EMA bullish supports upside. H1 neutral and RSI 48.75 show intraday consolidation, not conviction—watch for breakout confirmation above 1.62. KEY LEVELS R: 1.62, 1.62498, 1.625 | S: 1.615, 1.61, 1.59935 NEWS 🟡 Economic Bulletin (EUR) Thu 08:00 UTC 🔴 Retail Sales YoY (EUR) Thu 09:00 UTC 🟡 Retail Sales MoM (EUR) Thu 09:00 UTC SESSION OUTLOOK Pre-data consolidation likely around 1.618. Strong retail data could trigger run to 1.62; weak prints risk reversal toward 1.615 support.

Key Levels

R: 1.62000 · 1.62498 · 1.62500

S: 1.61500 · 1.61000 · 1.59935